• For Sale

407 N Morgan St Lincoln, MO 65338 Get directions

6 Beds
  • Age 11 Years
  • MLS# 79609
  • Listed 8 Months 10 Days Ago

Overview

A well built, low maintenance, income producing 4-plex in Lincoln, MO. Currently 100% occupied with excellent renters. Each unit is 750 sq. ft. with 2 bedrooms and 1 bath. Kitchen includes appliances & each unit has its own laundry room. Great investment property at about 7% cap rate! Call for your private appt. today!

Features

Interior Features

  • Cooling features: Electric, Central
  • One Bath per Unit
  • Inclusions: Appliances in All Apartments
  • Utilities present: City Sewer, City Water, Separate Water Meters

Exterior Features

  • Window Screens
  • Window Thermopane
  • Lot features: SEMO_LakePropertiesWtrFrntFeat

Heating Features

  • Electric
  • Heat Pump

Exterior Construction

  • Frame
  • Siding-Vinyl

Roofing

  • Composition

Room Description

  • Basement level is Poured Concrete Foundation, Slab Foundation sq. ft.
  • Unit 1 has 2 bedroom(s)
  • Unit 2 has 2 bedroom(s)
  • Unit 3 has 2 bedroom(s)

Unit Features

  • 4 total unit(s)
  • Unit 1 has 1 bath
  • Unit 2 has 1 bath
  • Unit 3 has 1 bath
  • Unit 1 Living area is 750 sq. ft.
  • Unit 3 Living area is 750 sq. ft.
  • Unit 2 Living area is 750 sq. ft.

Lot Size and SQFT

  • Approximate lot is 85 x 160

Stories

  • 1 stories

Location

  • Area: Lincoln
  • Subdivision: Banks Addition
  • Zoning: 2nd Dwelling
  • Parcel Access: Rock Street Surface

Legal and finance

  • Estimated gross income: $21600
  • Tenant pays: Air Conditioning, Electricity
  • Owner pays: Fire Insurance, Hot Water, Pest Control, Sewer, Trash Service, Water, Yard Maintenance
  • Trade/exchange considered

Listing information

  • Estimated Total Expenses: $3522.09
  • Parcel #: 068027001001010000

School

  • School District: Lincoln

Rental information

  • Unit 1 is renting for $ $450/Mo
  • Unit 3 is renting for $ $450/Mo
  • Unit 2 is renting for $ $450/Mo

Misc

  • Estimated net income: $18077.91
  • Complex features: Private Entrance, 1 Year Lease, Separate Laundry Room, Washer/Dryer Hook Ups

Garage/Parking

  • Parking features: Off Street, Two Parking per Unit

Neighborhood

Property History for 407 N Morgan St

Property Price

Date Event Price Price / Sq ft Source
06/11/2018 Relisted $215,000 WestCentralMO
12/07/2017 Listed $215,000 WestCentralMO

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTORĀ® directly in order to obtain the most up-to-date information available.